Israel and Hamas appear close to a ceasefire deal.
Tokyo’s Nikkei 225 index dropped 0.3% to 38,701.90 after the release of November inflation data on Friday. Japan’s core inflation rate, which excludes fresh food prices, rose 2.7% year-on-year, surpassing expectations. The Hang Seng in Hong Kong added 0.2% to 19,720.70 while the Shanghai Composite index edged 0.1% lower to 3,368.07 after China’s central bank kept its loan prime rates unchanged on Friday. The one-year lending rate, which affects corporate and most household loans, remained at 3.1%, while the five-year rate, used as a benchmark for mortgage rates, stayed at 3.6%.UK inflation increase solidifies expectations interest rates will be kept on holdOn Thursday, the S&P 500 edged 0.1% lower.
Treasury yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed.during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September.last week, an indication that the job market also remains solid.
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